Economic Buzz: Japans Tertiary Activity Grows In May

15 Jul 2022 , 01:24 PM

Japans tertiary activity increased for the third straight month in May, but at a softer pace, data from the Ministry of Economy, Trade and Industry showed. The seasonally adjusted tertiary activity index rose 0.8 percent month-on-month in June, after a 1.2 percent growth in April. Meanwhile, the indexes for wholesale trade, finance and insurance, information and communications, and real estate declined. On a yearly basis, the tertiary activity climbed 3.6 percent in May, following a 0.8 percent rise in the previous month.Powered by Commodity Insights